Alimentation Couche-Tard Inc. (TSE:ATD) Stock Has Consensus Target Price of C$99.73

Alimentation Couche-Tard Inc. (TSE:ATD) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$99.73.

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada set a C$111.00 price target on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Canadian Imperial Bank of Commerce boosted their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a research report on Wednesday, June 24th. Canaccord Genuity Group boosted their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Desjardins upped their target price on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, National Bank Financial reduced their target price on Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating on the stock in a report on Thursday, September 3rd.

Alimentation Couche-Tard Stock Performance

ATD opened at C$77.65 on Tuesday. The company has a debt-to-equity ratio of 92.19, a quick ratio of 0.88 and a current ratio of 1.26. Alimentation Couche-Tard has a 52-week low of C$68.30 and a 52-week high of C$95.15. The firm has a market cap of C$71.28 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 1.35 and a beta of 0.77. The business’s fifty day moving average is C$83.22 and its 200-day moving average is C$83.14.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 EPS for the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%. The business had revenue of C$30.43 billion during the quarter. Sell-side analysts expect that Alimentation Couche-Tard will post 4.04 EPS for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were issued a dividend of $0.2150 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Alimentation Couche-Tard’s payout ratio is 17.49%.

Insider Activity

In related news, Director Éric Boyko purchased 5,000 shares of Alimentation Couche-Tard stock in a transaction dated Tuesday, September 8th. The shares were bought at an average cost of C$80.34 per share, for a total transaction of C$401,700.00. Following the purchase, the director owned 47,300 shares in the company, valued at approximately C$3,800,082. This trade represents a 11.82% increase in their position. Also, Director Jean Bernier sold 946 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of C$82.22, for a total transaction of C$77,780.12. Following the completion of the sale, the director owned 10,320 shares in the company, valued at approximately C$848,510.40. The trade was a 8.40% decrease in their ownership of the stock. Company insiders own 18.67% of the company’s stock.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.